Posted on 09/12/2022 7:41:42 AM PDT by ChicagoConservative27
Treasury Secretary Janet Yellen admitted there is a “risk” that US gas prices will surge again this winter after months of steady declines.
Yellen cited potentially fraught conditions in Europe as members of the European Union wean off Russian oil shipments and mull the imposition of a price cap in response to the brutal invasion of Ukraine.
“It’s a risk and it’s a risk that we’re working on the price cap to try to address,” Yellen said during an appearance on CNN’s “State of the Union” on Sunday. “This winter, the European Union will cease, for the most part, buying Russian oil and in addition, they will ban the provision of services that enable Russia to ship oil by tanker. It is possible that could cause a spike in oil prices.”
“Our price cap proposal is designed to both lower Russian revenues that they use to support their economy and fight this illegal war while also maintaining Russian oil supplies to hold down global oil prices,” Yellen added
(Excerpt) Read more at nypost.com ...
She should be literally knocked out on the floor.
Where is Agent Gibbs at when you need him the most?
They warn us ahead of time to soften the blow.
Sooo...that is their Plan.
Democrats are planning another disaster ?
Amazing stupidity running through the Brandon WH.
Also risk of Flu, Covid, inflation, Biden mumbles, feet across south border ... Need I go on?
Eff’n fat, ugly, economic moron. This bitch is dumb as dirt. Price caps don’t work. She also missed the elephant in the room. When China reopens, oil will go right back to $120/bbl.
They can only tap the SPR for so long in an attempt to control prices. That little game will soon end.
Right after the elections, I would imagine…
I have met Turnips with higher IQ’s than that woman...
Look at California...it's a clue...solar and wind will not support our population.
And please...someone explain to these solar and wind loving folks where electricity really comes from. They still don't get it.
Its not a risk, its the plan. Right after the elections.
If the dems keep one or both of the chambers, it will be touted as high prices are what the people voted for. If they lose it will be touted as the fault of republicans.
I don’t think this woman is smart enough to operate a cash register at a 7-11 (certainly not a Publix).
So IOW, the answer is YES
These jerks offs can’t be honest about anything Always lying, hedging, subject changing, distracting
Yellen: but not to worry. I get the taxpayers to pay for my gas car and all the gasoline I want.
Ahhh, ya' beat me to it! I'm old and slow...
=;-)
ya think?
I guess she finally figured out that the strategic reserve isn’t endless and they will have to stop pulling out of it soon.
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